PVH to Post Q2 2019 Earnings of $2.02 Per Share, B. Riley Forecasts (PVH)

PVH (NYSE:PVH) – Investment analysts at B. Riley upped their Q2 2019 earnings per share (EPS) estimates for shares of PVH in a note issued to investors on Wednesday, April 4th. B. Riley analyst S. Anderson now expects that the textile maker will earn $2.02 per share for the quarter, up from their prior estimate of $1.91. B. Riley currently has a “Buy” rating and a $160.00 target price on the stock. B. Riley also issued estimates for PVH’s FY2019 earnings at $9.15 EPS and FY2020 earnings at $10.39 EPS.

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PVH (NYSE:PVH) last released its earnings results on Wednesday, March 28th. The textile maker reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.11. PVH had a return on equity of 12.03% and a net margin of 6.03%. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter last year, the business posted $1.23 earnings per share. The firm’s revenue was up 18.5% on a year-over-year basis.

PVH has been the subject of a number of other reports. Wells Fargo increased their price target on PVH from $158.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, January 3rd. Zacks Investment Research lowered PVH from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Credit Suisse Group began coverage on PVH in a research note on Monday, March 12th. They set an “outperform” rating and a $175.00 price target for the company. Instinet began coverage on PVH in a research note on Thursday, February 15th. They set a “neutral” rating and a $150.00 price target for the company. Finally, Deutsche Bank raised PVH from a “hold” rating to a “buy” rating and set a $131.00 price target for the company in a research note on Wednesday, February 7th. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. PVH has an average rating of “Buy” and a consensus target price of $158.28.

NYSE:PVH opened at $156.73 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.62 and a quick ratio of 0.77. PVH has a 12-month low of $96.85 and a 12-month high of $160.22. The stock has a market cap of $12,271.00, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 1.34 and a beta of 0.74.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th were paid a $0.038 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend was Tuesday, February 27th. PVH’s payout ratio is 1.89%.

In other news, Director Henry Nasella sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $155.00, for a total value of $3,100,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Francis K. Duane sold 22,100 shares of the firm’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $154.77, for a total value of $3,420,417.00. The disclosure for this sale can be found here. Insiders sold a total of 48,091 shares of company stock valued at $7,415,353 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Large investors have recently bought and sold shares of the company. Cerebellum GP LLC bought a new stake in shares of PVH in the 4th quarter valued at approximately $131,000. Squar Milner Financial Services LLC bought a new stake in shares of PVH in the 4th quarter valued at approximately $212,000. Conning Inc. bought a new stake in shares of PVH in the 4th quarter valued at approximately $220,000. Everence Capital Management Inc. bought a new stake in shares of PVH in the 4th quarter valued at approximately $248,000. Finally, Visionary Asset Management Inc. bought a new stake in shares of PVH in the 3rd quarter valued at approximately $266,000. 96.16% of the stock is owned by institutional investors and hedge funds.

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PVH Company Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail segments. It designs, markets, and retails men's and women's apparel and accessories, branded dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, golf apparel, fragrances, cosmetics, eyewear, socks, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

Earnings History and Estimates for PVH (NYSE:PVH)

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